Multiple Choice
Suppose a new study predicts that the price of hybrid cars is expected to decrease in the near future. As a result, we would expect:
A) consumers to increase demand for hybrid cars today.
B) producers to increase supply of hybrid cars today.
C) no change in either demand or supply of hybrid cars today.
D) producers to decrease supply of hybrid cars today.
Correct Answer:
Verified
Correct Answer:
Verified
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